CareGroup is the parent holding company of Boston-based Beth Israel Deaconess Medical Center.
“We believe CareGroup’s enterprise and financial profiles remain consistent with the rating, highlighted by continued patient revenue growth, adequate debt service coverage and sufficient balance sheet metrics for the rating,” said S&P credit analyst Jennifer Soule.
The outlook is stable, reflecting S&P’s view of CareGroup’s steady overall patient revenue growth, healthy balance sheet metrics and expected stable financial profile.
More articles on healthcare finance:
MedKoder to donate corporate revenue to community initiatives
Porter Health Care System to close clinic
RJD Green completes acquisition of payment software developer: 3 things to know
